THE OPEN March beans: 18 lower March meal: 5.80 lower March soyoil; 64 lower March corn: 1 lower March wheat: 7 higher Prices opened as expected with pressure continuing throughout the morning. Pressure elsewhere on the board took wheat prices off the highs. The trade for many months was to buy beans/sell wheat, and with more rainfall in SA vs. tighter wheat export restrictions, the table was set for this trade to liquidate or at least find a correction. Oilshare finally found some support as traders bought soyoil/sold meal. At 10:00 export inspections were released as follows: beans: 2,058,399 mt vs. 1,847,777 mt week ago wheat: 276,898 mt vs. 281,087 mt week...
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From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.